An investor raised questions on an investor interaction platform to Jinjia Corporation, asking whether the phrase "planting flowers with intention but they don't grow, while planting willows without intention yet they thrive" indicates that, due to various historical reasons, the company has passively distanced itself from its main clients. The company has made efforts to gradually and visibly decrease its reliance on a single client, but why hasn't it accelerated the production of its subsidiary in Indonesia given that the domestic e-cigarette industry, especially the Fugu brand, is restricted? Furthermore, why hasn't the Fugu brand registered and sold overseas, such as in Indonesia? Thank you for your sincere explanation.
On January 12th, Jing Jia Corporation responded by stating that they are closely monitoring the development trend of new tobacco products overseas. They have established a subsidiary in Indonesia which expands the production and sales of new tobacco products, and their vape products have been sold to Russia. They are continuously exploring and achieving good progress in the Philippines and Malaysian markets. Their subsidiary company, Jia Ju Electronics, has registered the brand "Lono" overseas. In the future, the company aims to achieve better results in overseas markets by grasping market opportunities and leveraging their advantages.
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